Etkin has been managing the Rochester Beaumont Medical Office Building for several years on behalf of the building’s physician-based ownership group. The building is anchored by Beaumont, which occupies approximately one third of the 30,000 square foot building.
Recently, Beaumont approached the ownership group to request significant tenant and capital improvements as part of negotiations to extend its lease. The group was faced with the challenge of recapitalizing the building to fund these improvements and lease commissions without requesting a capital call from the partners. Curtis Burstein was contacted to negotiate refinancing for the lease.